Annual report pursuant to Section 13 and 15(d)

DEPOSITS

v3.6.0.2
DEPOSITS
 12 Months Ended
Dec. 31, 2016
Banking and Thrift [Abstract]  
DEPOSITS

Note 7

DEPOSITS

The composition of the Company's interest bearing deposits at December 31 was as follows:

(Dollars in Thousands) 2016 2015
NOW Accounts $ 904,014 $ 848,330
Money Market Accounts 252,800 248,367
Savings Deposits 304,680 269,162
Other Time Deposits 159,610 178,707
Total Interest Bearing Deposits $ 1,621,104 $ 1,544,566

At December 31, 2016 and 2015, $1.7 million and $1.2 million, respectively, in overdrawn deposit accounts were reclassified as loans.

Time deposits that meet or exceed the FDIC insurance limit of $250,000 totaled $9.8 million and $10.4 million at December 31, 2016 and December 31, 2015, respectively.

At December 31, the scheduled maturities of time deposits were as follows:

(Dollars in Thousands) 2016
2017 $ 134,251
2018 16,117
2019 5,209
2020 1,877
2021 and thereafter 2,156
Total $ 159,610

Interest expense on deposits for the three years ended December 31, was as follows:
(Dollars in Thousands) 2016 2015 2014
NOW Accounts $ 292 $ 254 $ 318
Money Market Accounts 120 134 190
Savings Deposits 144 126 112
Time Deposits < $250,000 306 377 463
Time Deposits > $250,000 17 53 16
Total $ 879 $ 944 $ 1,099